Historically Low Senior Housing Occupancy Persisted In Q3

After tumbling to an eight-year low in Q2, senior housing occupancy nationwide remained unchanged at 87.9%, according to the National Investment Center for Seniors Housing & Care (NIC) Q3 market fundamentals report. The occupancy rate is 0.8 percentage point lower than a year ago, 2.3% lower than the most recent high water mark of 90.2% […]

SHAG Succeeds With Middle-Market Senior Living, Unconventional Branding

This year has been one of redefinition for Sustainable Housing for Ageless Generations (SHAG). The Washington-state based senior housing provider — the largest in the Puget Sound area — celebrated its 30th anniversary with a new vision, and came close to changing its name altogether. SHAG’s acronym used to stand for “Senior Housing Assistance Group.” […]

Transactions & Financings: Ziegler Arranges Bond Financing, Arcapita Grows U.S. Portfolio

Ziegler Arranges $200.6 Million Bond Financing Ziegler announced the closing of the Trousdale Foundation Properties $200,570,000 Series 2018 bonds. Ziegler served as the underwriter and placement agent for the bonds which were issued in various series including tax-exempt senior, taxable senior and tax-exempt subordinate bonds. Proceeds from the bonds were used to finance the acquisition and […]

Why Senior Housing Assets Are Taking Longer To Sell

Investor interest in senior housing remains strong and will continue for the foreseeable future, but the marketing period for assets has grown longer. This may signal a growing disconnect between buyers and sellers, but also reflects the expanding investor pool and current headwinds hitting the sector. Increased marketing time was among the findings of the […]

After 2 Years of Defense, HCP Is ‘Back To Playing Offense’ [UPDATED]

After a two year flurry of activity in which the REIT shed itself of poor-performing assets, reduced its exposure to Brookdale-operated properties and retooled its executive leadership, HCP (NYSE: HCP) announced it is ready for the future. “We have remade the company and we’re back to playing offense,” HCP President and CEO Tom Herzog said during […]

Transactions & Financings: Ziegler Takes Lead on Locust Point Fund, NHI’s $300M Loan

Ziegler Is Anchor Investor In Locust Point Private Credit Fund Ziegler announced it was an anchor investor in Locust Point Capital’s debut private fund, which closed earlier this month oversubscribed at $312 million. Ziegler and Locust Point have a relationship dating back to the mid-1990s, Managing Director and co-head of Ziegler’s Proprietary Senior Living Practice Don […]

Tech Beat: Royal Philips Acquires Blue Willow, Expands Senior Safety Portfolio

Royal Philips Acquires Blue Willow Systems Royal Philips acquired Blue Willow Systems, effectively expanding the Dutch health technology company’s resident safety solutions platform. Terms of the deal were not disclosed. Blue Willow, a cloud-based senior living community resident safety platform, will complement Philips’ CarePoint 6.0 safety platform by providing customers with new solutions for resident […]